Vice Premier of Vietnam: Reduce the Target of Photovoltaic Installation and Increase Offshore Wind Power

Vietnam's Solar & Wind Energy Roadmap: Revised PV Targets and Market Opportunities for Solar Suppliers

Vietnam adjusts Power Development Master Plan VIII — solar target revised, offshore wind accelerated

Vietnam's government has revised its Power Development Master Plan VIII, adjusting solar PV targets while accelerating offshore wind development. The near-term solar pipeline (to 2030) remains substantial at 146GW. For solar module suppliers, Vietnam remains one of the most important markets in Asia Pacific.

1. What Changed in Vietnam's Solar Target

• 2030 solar target: 146GW total PV installed capacity — still one of the largest national solar pipelines in ASEAN
• 2045 solar target: 352GW — representing 25% of Vietnam's total electricity mix from PV alone
• Context: Vietnam's Deputy PM called for a rebalancing to accommodate offshore wind, not a pullback from renewables overall
• Rooftop solar: Strong ongoing demand for C&I and residential rooftop systems — less affected by grid-scale policy adjustments

2. Why Vietnam's Solar Market Remains Attractive

• 16.5GW already installed by 2021 — Vietnam is already a Top 10 global solar market
• Industrial demand growth: Vietnam's export manufacturing sector drives sustained C&I rooftop demand in Binh Duong, Dong Nai, and Long An
• Imported modules in demand: Vietnam's domestic PV manufacturing doesn't cover all installation needs — certified imported modules from established suppliers are actively procured
• DPPA policies emerging: Direct Power Purchase Agreement policies opening new channels for C&I solar procurement

3. Key Module Requirements for the Vietnamese Market

• High efficiency: Land availability is constrained — high-power modules (600W+) maximize output per installation footprint
• International certifications: IEC 61215, IEC 61730, UL increasingly required for DPPA contracts and international financing
• Long warranty: 25–30 year linear power warranties required for bankable long-term power contracts
• Climate performance: N-type TOPCon panels outperform PERC on temperature coefficient in Vietnam's humid subtropical climate

PWSOLAR's N-Type Solar Panel Range

Topcon N-Type 730W Bifacial Solar Panel Efficiency: 23.50% View Details →

Topcon N-Type 645W Bifacial Solar Panel Efficiency: 23.88% View Details →

Topcon N-Type 480W Full Black Bifacial Efficiency: 24.02% View Details →

Topcon N-Type 460W Full Black Bifacial Efficiency: 23.02% View Details →

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